Hotel, Munich, Germany

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Hotel, Munich, Germany

21,700,000 €
4,433 € /m²
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  • Total area
    4,895 m²
  • Yield
    5.0%
  • Built in 
    1983
Details
Property parameters
  • Land area: 4,330 m²
  • Total rooms: 147
  • Hotel rating: 4
  • 6-floor building
Financial performance
  • Annual income: 1,086,155 €
Tenants
  • Fully let
  • End of lease: 2029
Property status
  • Most recent total renovation: 2009
Transaction costs
  • Notary (state registration): 1.5%
  • Broker: 4.0% + VAT
Features
  • Car parks

A four-star hotel.

Description

The hotel room capacity: 147 rooms.

The building was built in 1983. In 2009, the property was rebuilt for a hotel.

There is an underground garage for 49 cars and an outdoor parking in the territory of the property.

Type of transaction: Share Deal.

Financial performance

Absolute annual income is 1,086,155 €.

The current yield of 5%.

Tenants

The tenant is a hotel chain with 30 hotels in 3 European countries.

The lease agreement is valid before 01.10.2029. It can be extended under certain conditions.

The agreement stipulates a rental payment indexation.

Transaction costs

Notary (state registration) is 1.5 – 2%.

The broker's fee of 4%.

Location and nearby infrastructure

The hotel is located in the southern part of the city. There is an underground station, a taxi rank and a supermarket in a walking distance from the property.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Munich.

All ads in the country: hotels for sale in Germany.

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    Marina Filichkina,
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